The Consumer Price Index (CPI) Is 150 in Year 1

question 31

Multiple Choice

The consumer price index (CPI) is 150 in year 1, 156 in year 2, and 160 in year 3. What is the inflation rate for year 2? Round to nearest whole percentage.

• A) 3%
• B) 4%
• C) 6%
• D) 7%

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